Bad Philippine ranking in Doing Business

The 2011 Report of the annual “Doing Business” produced by the WB-IFC was out last week. Another bad news for the Philippines, it ranked 148th out of 183 countries covered by the study.

The Doing Business annual reports rank countries based on how easy they allow businesses to flourish. There are 9 factors being considered to produce the “ease of doing business” index and then the ranking. These are the number of procedures, how much, etc. in: (a) starting a business, (b) dealing with construction permits, (c) registering property, (d) getting credit, (e) protecting investors, (f) paying taxes, (g) trading across borders, (h) enforcing contracts, and (i) closing a business.